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Reply to: Puts our pay into perspective
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Previously on "Puts our pay into perspective"
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Originally posted by NotAllThere View PostIt would also be the end of free banking. It's the clearing system that pays for your "free" banking.
Cash will never be abolished. As the author Neal Asher pointed out, somewhere, someone will eventually write an I.O.U.
Obviously the biggest problem for low wage earners (or anyone who spends at least as much as they earn) is that once in debt or behind they are running up a down escalator. It only takes a splurges like the kids' birthdays or a family holiday, or servicing the car, or just routine bills, to knock them sideways financially for weeks or even months.
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Originally posted by OwlHoot View Post...
If the authorities really wanted (although they obviously don't) more transparent money handling, which would be far more manageable for many, then the first thing would be to mandate instant clearing.
The snag is that would bring us a step closer to abolishing cash, which would be a thoroughly Bad Thing.
Cash will never be abolished. As the author Neal Asher pointed out, somewhere, someone will eventually write an I.O.U.
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Originally posted by vetran View Post
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May pay is utter crap. I can't even cover my mortgage with my pay let alone save anything
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Originally posted by SueEllen View Post3. With some products e.g. credit cards the interest is deliberately done in a way that even Maths professors have difficulty calculating it.
If the authorities really wanted (although they obviously don't) more transparent money handling, which would be far more manageable for many, then the first thing would be to mandate instant clearing.
The snag is that would bring us a step closer to abolishing cash, which would be a thoroughly Bad Thing.
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Originally posted by SueEllen View PostNot true though.
"If you owe your bank £100 you have a problem. But if you owe a million, they have."
Though today it would be:
"If you owe your bank a thousand pounds you have a problem. But if you owe a billion, they have."
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Originally posted by kaiser78 View PostAgree - Home Economics in our school was about cooking and sewing etc and nothing about financial economics.
We had Textiles to learn about sewing. Catering to learn about cooking but you could only do that from age 14. Until then you did Home Economics.
Home Economics was just fecking dull - we did loads of book work then occasionally made something simple.
The fact my classmates from South Asian backgrounds could make full curries from when they started secondary school was eventually realised by my teacher, when they made one for something else.
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Originally posted by kaiser78 View PostBut I've watched the programmes on Ch5...
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Originally posted by The_Equalizer View PostPerhaps just teach that when you're in debt you're in someone else's pocket!
"If you owe your bank £100 you have a problem. But if you owe a million, they have."
Though today it would be:
"If you owe your bank a thousand pounds you have a problem. But if you owe a billion, they have."
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Originally posted by VectraMan View PostI'd suggest people surviving on minimum wage are probably much better at budgeting than the likes of us. Well me anyway, as I have no idea what my living costs are for the most part.
I don't remember Home Economics being anything about economics.
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Originally posted by VectraMan View PostI'd suggest people surviving on minimum wage are probably much better at budgeting than the likes of us. Well me anyway, as I have no idea what my living costs are for the most part.
I don't remember Home Economics being anything about economics.
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Perhaps just teach that when you're in debt you're in someone else's pocket!
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Originally posted by SueEllen View PostFirstly in primary school in various subjects, plus in both Maths and Home Economics in Secondary school we were taught budgeting.
I don't remember Home Economics being anything about economics.
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